The CEO of Hilton Hotels purchased a $27.5 million dollar estate in Bel-Air while an Academy Award winning actor sold his Orange County digs for a record $35 million this week according to The Wall Street Journal.

Christopher Nassetta, the head of Hilton Hotels and one of the nation’s most highly compensated CEO’s purchased the home of NFL team owner Georgia Frontiere (St. Louis Rams of the NFC).

Located in Bel-Air, the estate sits on 1.8 acres and was originally listed for $30 million.

Designed by architect Paul Williams, the home has 15 bathrooms tennis court and outdoor pool.

Represented by Kurt Rappaport of the Westside Agency of Beverly Hills, the home was originally constructed in 1931.

A graduate of the University of Virginia, Mr. Nassetta was ranked #298 in total compensation by Forbes Magazine.

A winner of the 1995 Academy Award for Best Actor in the film “Leaving Las Vegas,” actor Nicolas Cage recently sold his Newport Bay home for a record $35 million dollars.

Cage purchased the property in 2005 for $25 million and is the owner of multiple residential dwellings on the west coast. The home is located next door to the residence of the late actor and Oscar winner, John Wayne.

Orange County realtor Rob Giem of HOM Real Estate represented the buyer, 70-year-old Jerry Herbst of Las Vegas. James Chalke of Nelson Shelton & Associates represented Mr. Cage.

Mr. Cage made his film debut in the comedy classic “Fast Times at Ridgemont High” which also included fellow Oscar winner, Sean Penn.

Mr. Cage’s breakout role was as Ronny Cammareri, the reclusive baker and Cher love interest in “Moonstruck.”

Born in 1964 Nicolas Coppola, his father August Coppola was a professor of literature and is the brother of Academy Award winning director Francis Ford Coppola. He is also the nephew of actress Talia Shire who appeared in all three of “The Godfather” franchises including several of “The Rocky” series with Sylvester Stallone.

Cage attended Beverly Hills HS where he met fellow actor Johnny Depp, who encouraged Cage to seriously engage the acting profession.